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Crypto Markets Continue Rise With Market Cap Reaching Over $220 Billion

Thursday, September 27: crypto markets continue to rise as the crypto and blockchain industry is seeing some support from governmental and institutional entities. Following a sell-off that started on September 24, crypto markets are seeing the second day of a rebound, with daily trade volume now amounting to more than $16 billion.

Litecoin (LTC) and Bitcoin Cash (BCH) are seeing the biggest gains over the past 24 hours among the top 20 cryptocurrencies by market cap. According to CoinMarketCap, LTC is seeing the most growth, at 9.27 percent, trading at $63.00 as of press time. Bitcoin Cash, which saw significant gains yesterday, is up 9.12 percent, trading at around $565.40 at press time.

Today, Goldman Sachs, one of the largest investment banks in the U.S., led a $25 million strategic funding round for blockchain payments platform Veem. The company has recently denied rumorsabout unconfirmed plans to set up ts own crypto trading desk.

On September 25, Austrian local media revealed that the government is planning to to issue €1.15 billion ($1.35 billion) of state bonds on the Ethereum blockchain in an auction next week. The auction, scheduled for Oct. 2, will be conducted by one of the Austria’s biggest banks on behalf of the the Austrian Treasury (OeBFA).

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